Instead, argues Yale SOM’s Fiona Scott Morton, the government should exercise its regulatory powers to promote competition.
Prof. Scott Morton called a private healthcare system without competitive pressure “the worst of both worlds” in terms of costs.
U.S. antitrust laws, Yale SOM’s Fiona Scott Morton says, were written when new technology meant “typewriters and buggy whips and bicycles.” She assembled a group of economists and legal scholars to examine areas in which enforcement is out of sync with a changing economy.
To avoid higher premiums and more “free riders," Fiona Scott Morton proposes that Connecticut require residents to buy insurance, contribute to a Health Savings Account, or pay a fee to the state.
When patients go to an emergency room within their insurance network, they often get unexpectedly large bills because a treating physician is out of network, Yale research finds.
Three major insurers have pulled out of the Affordable Care Act's healthcare exchanges, prompting concerns about the exchanges’ long-term sustainability. Yale’s Fiona Scott Morton and Howard Forman discuss the state of Obamacare and what it needs to thrive.
Professor Fiona Scott Morton, the former chief economist in the Antitrust Division of the U.S. Department of Justice, on the state of global competition law.
Can laws created to rein in the monopolies of the industrial age still work in the information age? After spending a year as the top antitrust economist at the U.S. Department of Justice, Professor Fiona Scott Morton describes the state of antitrust regulation today.
Studies and anecdotal evidence suggest that 40 years after the civil rights era, African Americans still find themselves under scrutiny in retail stores and women pay higher prices at car dealerships. How can we ensure fair treatment in markets?